Management Remuneration and Incentives Manager (PG 11/12) (Bellville) (Rerun)

Sanlam Limited; Bellville; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Sanlam Limited is seeking a Management Remuneration and Incentives Manager based in Bellville. The successful candidate will ensure effective delivery of sales management remuneration, drive the implementation of incentive models, and oversee remuneration processes. Candidates should have 3-5 years of relevant experience and a Grade 12 qualification.

Qualifications

• 3-5 years financial services/distribution experience.
• 3-5 years in management remuneration and incentives.
• Knowledge of remuneration and incentive/rewards principles.

Responsibilities

• Ensure effective delivery of sales management remuneration and incentives.
• Undertake ongoing evaluations of incentive models.
• Drive implementation of new remuneration and incentive models.

Skills

Client Focus

Drives Results

Flexibility and Adaptability

Education

Grade 12

Tools

MS Office

SDH platform

Content Manager

Job description

Press Tab to Move to Skip to Content Link

Select how often (in days) to receive an alert: Create Alert

Management Remuneration and Incentives Manager (PG 11/12) (Bellville) (Rerun)

Date: 29 May 2025

Location:

Bellville, Western Cape, ZA

Who are we?

Sanlam is dedicated to supporting, growing, and empowering clients with affordable, easy, and suitable solutions, primarily through face-to-face intermediary channels, but also directly. We have approximately 2,000 tied advisers and 2,000 supporting independent brokers, all dedicated to meet the financial needs of our clients. Our vision: We aspire to be the best at building enduring relationships by connecting clients with Sanlam. We create sustainable value by attracting new clients, supporting ongoing client engagement, and providing adaptive solutions designed to answer life’s financial questions. ULTIMATELY, WE EMPOWER PEOPLE TO BE FINANCIALLY CONFIDENT, SECURE AND PROSPEROUS.

The role is primarily responsible to ensure the effective delivery of both the sales management remuneration and incentives functions within SanlamConnect.

What will make you successful in this role?

• Serve on the REMS Manco to provide operational leadership
• Undertake ongoing evaluation of existing incentive and remuneration models to assess their effectiveness
• Initiate new or adjusted remuneration/incentive models or policies to enable improvements or fulfil new business requirements
• Undertake collaborative consultations across the business (including at an Executive level) to undertake new policy development
• Drive implementation of new/adjusted remuneration and incentives models.
• Undertake the annual review of selected models
• Monitor and ensure the correct monthly remuneration payments and incentive results.
• Liaise with applicable GMs, REs and RGMs to construct remuneration offerings to new appointments, customise individual models to address unique situations.
• Oversee processes, enhancements (including automation) and risk mitigating actions
• Have oversight of the application of portfolio management principles to ensure national parity.
• Oversee recommendations to GMs re. income guarantees, adjustments, exceptions, etc.
• Resolve escalated high-level queries and complex situations where needed.
• Expense management
• Stakeholder Relationships.

Qualification and experience

• Grade 12
• 3-5 years financial services/distribution experience
• 3-5 years’ experience in management remuneration and incentives, campaigns and awards field

Knowledge and skills

IT:

• MS Office (Excel, Word, Powerpoint)
• MS Teams, MS Outlook
• SDH platform
• On Demand
• Content Manager
• SanPay
• Psiber

Business:

• Financial Services Industry Knowledge
• SC Strategic intent, pillars, focus, direction
• Deep understanding of remuneration and incentive/rewards principles and modelling
• Offer and employment contract knowledge
• Basic understanding of LTIA, FSCA, POPIA, TAX, FAIS etc
• Brand and corporate identity protocols
• Project and resource management
• Understanding of HR policies and Procedures
• Budgets and expense/financial management (incl. Approval Framework)
• Business metrics and measurements and reporting

Core competencies

• Client Focus
• Drives Results
• Flexibility and Adaptability

Personal attributes

• Attention to detail/quality orientation
• Relationship builder
• Conceptual thinker
• Creative and adaptable
• Sound negotiation and influencing skills
• Political and organisational savvy

Turnaround time

The closing date for applications is the 27th of May 2025.

The recruiter reserves the right to withdraw the advertisement prior to the closing date or to allow further applications to be submitted after the closing date indicated.
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth.Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Our commitment to transformation

The Sanlam Group is committed to transformation and embracing diversity and our employment equity plan and targets will be considered as part of the recruitment process. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.